Reporting makes room for corporate sustainability strategies
[ad_1]
It is not enough to do, but it must be communicated and, above all, done according to rigorous metrics recognized by the market to avoid the risks of greenwashing. There reporting more and more space is being made sustainability strategies of companies and the trend is set to strengthen after the approval of the CSRD (Corporate Sustainability Reporting Directive), a European directive that will oblige companies to report their environmental, social and governance performance, as well as sustainability risks to which they are exposed. A measure that goes in the direction of one growing transparency imposed by the EU on economic operators, to the benefit of informed choices by consumers and investors.
The Community Path
So we will soon arrive at a balance sheet of the corporate impact on the front eg, somewhat as happens with the financial statements relating to the economics. The approval of the directive is a new step forward on a path undertaken by the EU in 2014 with the Nfrd directive (Non-Financial Reporting Directive), which made reporting mandatory for large public interest companies with more than 500 employees, including banks, listed companies, insurance companies and all other entities indicated as strategic by national authorities. Now the new step forward with the obligation extended to all companies with a turnover of no less than 150 million euros and, in terms of content, to a series of other information on the subject of sustainability. Furthermore, the obligation will also apply to companies that do not have their headquarters in Europe, but operate in the area.
The calendar
L’reporting obligation will start in 2025, in relation to 2024 for all companies affected by the NFRD directive, to then extend from the following year to the others and from 2027 (in relation to the 2026 financial statements) also small and medium-sized listed companies. Deadlines that appear distant, but which in reality require the start of the adaptation process immediately, in order not to have to certify delays in two years or so. Businesses will be subject to independent audits and certifications to ensure that the data provided is reliable.
[ad_2]
Source link
